NEW YORK, November 22, 2022
NEW YORK, November 22, 2022 /PRNewswire/ — The law firm Klein announces that a class action lawsuit has been filed on behalf of shareholders of Block, Inc. (NYSE: SQ) alleging that the company violated federal securities laws.
Class period: November 4, 2021 at April 4, 2022
Lead Applicant Deadline: December 12, 2022
No obligation or cost to you.
Learn more about your recoverable losses in SQ:
Block, Inc. NEWS – SQ NEWS
CLASS ACTION CASE DETAILS: The filed complaint alleges that Block, Inc. made materially false and/or misleading statements and/or failed to disclose that: (1) the Company did not have adequate protocols in place limiting access to sensitive customer information; (2) as a result, a former employee was able to download certain reports from the Company’s subsidiary, Cash App Investing, containing full client names and brokerage account numbers, as well as brokerage portfolio value, holdings brokerage portfolio and/or equity trading activity; (3) as a result, the Company was reasonably likely to suffer material harm, including damage to its reputation; (4) and as a result of the foregoing, defendant’s positive statements about the company’s business, operations and prospects were materially misleading and/or lacked reasonable basis.
WHAT THIS MEANS FOR YOU AS A SHAREHOLDER: If you have suffered a block loss, you have until December 12, 2022 ask the court to obtain the status of principal plaintiff. Your ability to participate in any collection does not require you to serve as the lead plaintiff.
AT NO CHARGE TO YOU: If you purchased Block securities during the relevant period, you may be entitled to compensation without payment of out-of-pocket costs.
HOW TO PROTECT YOUR FINANCIAL INTERESTS: For more information on the SQ lawsuit, please contact J. Klein, Esq. by phone at 212-616-4899 or click on this link: https://www.kleinstocklaw.com/pslra-1/block-inc-loss-submission-form?id=33896&from=4.
ABOUT KLEIN LAW FIRM
J. Klein, Esq. represents investors and participates in securities litigation involving financial fraud across the country. Klein Law Firm is a litigation firm with experience in a wide range of areas, including securities law, corporate finance and commercial litigation. Since 2011, our experienced lawyers have achieved superior results for our clients with a personalized approach. Lawyer advertisement. Prior results do not guarantee similar results.
J. Klein, Esq.
535 Fifth Avenue
New York CityNY 10017
Telephone: (212) 616-4899
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SOURCE Klein Law Firm